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I’d suggest you need your insulation looking into. Shouldn’t need air con if an extension/loft conversion is built to modern standards.

Budget seems about right but the devil is in the detail. You need to make sure you specify what you want as far as possible. Comment above about 3 months so allow for 6 is spot on. Consider using this or at least referring to it to see what things need to be considered...... JCT Building...